can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the … theory and in practice. A number of factors can call the independence property into question theoretically, including market …

This paper tackles the 'pollution haven' argument by estimating the pollution content of imports (PCI). The PCI is then … endowment component and a 'pollution haven' component reflecting the impact of differences in environmental policies. The …. Decompositions based on cross-section econometric estimates suggest a significant pollution haven effect which increases the PCI of …

relies on the link between pollution, health and the survival probability, in an overlapping generations model à la Blanchard … effect on growth in the steady-state when the detrimental impact of pollution on health and lifetime is taken into account … of environmental taxes) when public expenditures in health and/or the impact of pollution on health are important …

We develop an overlapping generations model where consumption is the source of polluting emissions. Pollution stock … and vanishes beyond a critical level of pollution. We first show that multiple equilibria exist. More importantly, some … exhibit irreversible pollution levels although an abatement activity is operative. Thus, the simple engagement of maintenance …